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klasskru [66]
3 years ago
10

Why is that market economies can often allocate resources in a more efficient and robust way than centrally planned economies?

Business
1 answer:
sammy [17]3 years ago
5 0

Answer:

Because market economies want to make money

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People eatn money or income
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Supply of a product will tend to be more inelastic when
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The supply of the product tend to be more inelastic when the prices of the goods are high. Supply inelasticity is caused by the sudden change of the price of goods needed to release the supply and more often than not, that change of price is a price hike; meaning, the increase of price reasonable or not.
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3 years ago
. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do
Dmitriy789 [7]

Answer:

The question is incomplete, find complete question in the attached.

The receivables turnover for the current year is 9.02 times while average days sales in receivable is  41 days

Explanation:

The formula for computing receivables turnover ratio is given as:

Net credit sales/average accounts receivable,where average receivables is the opening plus closing receivables divided by two.

Net credit sales=$35,657

Average receivables =($3495+$4415)/2=$3955

Receivable turnover ratio=$35657/$3955

                                          =9.02

Average days sales in receivable=number of days in the year/receivable turnover ratio

Average days sales in receivable=365/9.02

                                                          =40.47 days approx 41 days

The average days sales in receivable implies the average number of days it takes receivables to settle their accounts

Download xlsx
7 0
3 years ago
Jack enters into a contract with Jill’s Farm to provide water for Jill’s irrigation needs. Jack fails to deliver. Jill initiates
ElenaW [278]

Answer:

Plaintiff

Explanation:

The Plaintiff is the person who brings the case against the another in the court of the law.

On the other hand, the defendant is the person who defends himself/herself against the suit filed by Plaintiff in the court of the law.

In the given case, Jill has filed the suit against Jack in the court of the law which means that Jill is the Plaintiff.

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Which of the expenses listed is a variable expense? A.electricity B.health insurance C.emergency fund D.retirement deduction
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A) the amount of electricity you use can vary from month to month
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